Sector Moves & People Ryman Healthcare CEO Richard Umbers quits In February, the company cut its full year profit forecast to between NZ$265 million and NZ$285m on disappointing sales and margins Ian Horswill 15 hours ago
Government Policy Please Jim, make history: Mention retirement living in the Federal Budget Villages Acts are the domain of the States and Territories yet Retirement Living Council (RLC) Executive Director Daniel Gannon, President Tony Randello, CEO of Aveo, and Vice-Presidents Kim Teudt, Executive General Manager Retirement Living for... Ian Horswill 07 May 2024
Community Living Acquired “by accident”, are Jason Binder’s retirement villages going to be Respect’s new business focus? The CEO of the Davenport-based Not For Profit (pictured left) has made it his goal to save failing residential aged care homes, in Tasmania and on the mainland. Retirement villages have materialised as a bonus. The business now owns and operates 25... Ian Horswill 07 May 2024
Acquisitions Aspen’s bid to buy the 52 rental retirement village operator Eureka is dead... for now David Dixon and John Carter (pictured below) look to be stymied in their current bid to buy the country’s only pure play owner/operator of over-55s rental communities and create a $500 million affordable housing company. Aspen Group’s CEOs have... Ian Horswill 07 May 2024
Development “We’ve got a really big waiting list. The demand is massive. Extraordinary” The Melbourne-based business which owns and operates Anchor Point retirement village in Warrnambool, the town on the Great Ocean Road, is spending $8 million to add another 27 units due to the demand. Anchor Point is positioned as an ‘Over 55... Ian Horswill 07 May 2024
Awards Ryman Healthcare win international award for White Paper published first in SATURDAY The investment by Ryman Healthcare to create a White Paper on the power of retirement villages to deliver a continuum of care has achieved multiple wins, from the attention of the Minister through to an international advocacy award. The White Paper... Ian Horswill 07 May 2024
Development Retirement living for the “well-heeled”: Residents begin to move into Retirement by Moran’s second venture: Sage in Cronulla Shane Moran, the Founder and Chief Executive of Retirement by Moran, concedes admission to his residences is “not inexpensive”. Sage is an eight-storey development of 37 two- and three-bedroom apartments. The art-deco- meets-coastal-chic... Ian Horswill 06 May 2024
Development Tweed Shire Council issues warning to manufactured home providers – the 65% rule “If you are wanting to build or install a structure in a Tweed manufactured home estate, it’s important to be aware of any approvals or certifications you may need,” the shire council states Ian Horswill 06 May 2024
Development Market test strata apartment development with aged care beds, Grandton Applecross Perth, now opens in July Roshana Care Group has been appointed to operate Grandton Applecross Ian Horswill 06 May 2024
Development TriCare Communities propose 10th Retirement Village despite 500,000 chickens The family run business is applying to establish a village with 235 independent living units, two swimming pools and a community centre in Beerwah, a rural town and the home of Australia Zoo, in the hinterland of the Sunshine Coast. The site would... Ian Horswill 06 May 2024
Development Stockland to build another over-60s land lease community in NSW When the diversified Sydney property developer announced its first over-55s land lease community in Western Australia on 17 April, Stockland Executive General Manager Col Dutton said it was the first of Stockland’s five or six planned within its... Ian Horswill 06 May 2024
Development Construction restarts at Uniting Yamba on NSW’s Far North Coast with new builder appointed The Not For Profit has appointed Stephen Edwards Construction to complete the 50 remaining independent living apartments. Work came to a halt in June last year when GCB Constructions went into administration. The 50 apartments at Uniting Yamb... Ian Horswill 06 May 2024
Finance Mirvac and Serenitas: the demand for land lease communities is insatiable Mirvac, which owns 47.5% of the Serenitas brand, talks up its $1 billion acquisition (Pacific Equity Partners Secure Assets also own 47.5%) of the land lease operator, with 100% occupancy and big development funnel. “Our acquisition of Serenitas is... Ian Horswill 06 May 2024